$1,395,000
846 Main Street, Woburn
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,091
Units 4
Cap Rate 5.43%
NOI $75,796
Price per SqFt $451
Broker Co-Op Yes
Class B
Year Built 1900
Year Renovated 1999
Core-plus multifamily asset with both on-site laundry and ample parking.
Marketing description
Core-plus multifamily asset with both on-site laundry and ample parking requires little capital expenditure and is a value-add investment opportunity with below market rents. First floor consists of one 1-bedroom unit and one 2-bedroom unit. There is also a small, private flex space with its own bath on the first floor. Second floor consists of one 1-bedroom unit and one 2-bedroom unit. Separate electric, heating and central cooling for each dwelling unit. Full basement with coin-operated laundry room. ---- Please be advised that this property is a legal 3-family, but does contain 4 dwelling units. Property gutted to the studs and renovated 1999. 4 new heating systems (2022-2023), central cooling condensers & water heaters. Roof 2024.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$75,796.00
$6,316.33/mo
Valuation Metrics
0
DSCR
5.43%
Cap Rate
5.43%
ROI
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